CDC Approves Three New Investment Projects worth Over US$23 Million


The Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of US$23.2 million.

The new projects belong to Le Hoo (Cambodia) Furniture Company Limited, Xinkaida Lighting Co., Ltd., and Guangbo (Cambodia) Industrial Co., Ltd., the CDC said in a press release issued this afternoon.

The three companies will invest in the manufacturing of all kinds of furniture, electrical wire and equipment, decorative lamps, and decorative lighting components in special economic zones in Svay Rieng province, it pointed out.

Almost 2,000 jobs are expected to be generated for the locals by the three newly approved projects, the source added.

Source: Agence Kampuchea Presse